India's G20 Presidency Initiates Discussions on Global Crypto Framework; Emphasizes International Collaboration and Regulation
Summary:
India's finance minister, Nirmala Sitharaman, confirms active discussions under India's G20 presidency to establish a global framework for cryptocurrencies. Indian Prime Minister Narendra Modi advocates for global cooperation on crypto regulations among G20 member states. Sitharaman emphasizes the need for international collaboration to regulate cryptocurrencies worldwide. IMF and FSB submit synthesis papers on cryptocurrency. NPCI seeks head of blockchain, highlighting India's interest in blockchain and crypto.
Active discussions are in progress under India's G20 presidency to establish a global framework for cryptocurrencies, according to India's finance minister Nirmala Sitharaman. Indian Prime Minister Narendra Modi has called for global cooperation on formulating crypto regulations among G20 member states. Sitharaman emphasized the need for international collaboration in building a responsible financial ecosystem to regulate cryptocurrencies worldwide. India, as the G20 president, has been focusing on global collaboration for financial security and stability. The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have submitted their synthesis papers on cryptocurrency. Additionally, India's interest in blockchain and crypto is evident with the recent job posting by the National Payments Corporation of India (NPCI) for a head of blockchain. The ideal candidate will have experience in developing and implementing blockchain solutions.
Published At
9/6/2023 8:00:00 AM
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